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ben bernanke will also get a lot of attention when minutes from the latest policy meeting are released. >>> september auto sales are also on tap. experts predict sales are up nearly 11% over last year. >>> meanwhile, according to aaa, the price of regular gas is down about five cents in the past week to an average $3.81 a gallon. >>> overseas this morning, uncertainty about spain's bailout weighed down asian stocks. thousands filled spain's capital this weekend to protest sweeping budget cuts and austerity measures included in a 2013 draft budget. >>> elsewhere, on the heels of apple's flawed debut of the flawed map app, oracle customers will have access to nokia's data and location services. >>> hewlett packard is set to roll out a new device that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research from the pew center, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't pay? two guns that belonged to famed partners in crime bonnie and clyde s
ben bernanke will also get a lot of attention when minutes from the latest policy meeting are released. >>> september auto sales are also on tap. experts predict sales are up nearly 11% over last year. >>> meanwhile, according to aaa, the price of regular gas is down about five cents in the past week to an average $3.81 a gallon. >>> overseas this morning, uncertainty about spain's bailout weighed down asian stocks. thousands filled spain's capital this weekend to...
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Oct 2, 2012
10/12
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fed chief ben bernanke renewed the central bank's pledge to keep record low interest rates to spur the economy even after if regains momentum. >>> analysts say winter holiday shopping will rise 4.1% this year. that's slightly lower than predictions for the past two years. >>> jpmorgan chase is the first target of the justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns, bought by jpmorgan in a fire sale, carried out billions of dollars in mortgage-backed securities fraud. >>> american express has agreed to pay $112.5 million to settle federal charges of illegal late fees. >>> the multi-billion dollar fraud carried out by bernard madoff began as far back as the early 1970s. this is according to a rewritten indictment bringing new charges against four long-time madoff employees. >>> a trader joe's peanut butter recall linked to cases of salmonella has now spread to nut butter recalls at multiple national chains including whole foods, target and stop & shop. >>> honda is recalling 600,000 accords that may have a faulty power steering hose that c
fed chief ben bernanke renewed the central bank's pledge to keep record low interest rates to spur the economy even after if regains momentum. >>> analysts say winter holiday shopping will rise 4.1% this year. that's slightly lower than predictions for the past two years. >>> jpmorgan chase is the first target of the justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns, bought by jpmorgan in a fire sale, carried out billions of...
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Oct 2, 2012
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fed chief ben bernanke renewed the central bank's pledge to keep record low interest rates to spur the economy, even after it regains momentum. >>> analysts say winter holiday shopping will rise 4.1% this year. that's slightly lower than predictions for the past two years. >>> jpmorgan chase is the first target of a justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns, bought by jpmorgan in a fire sale, carried out billions of dollars in mortgage-backed securities fraud. >>> american express has agreed to pay $112.5 million to settle federal charges of illegal late fees. >>> the multibillion-dollar fraud carried out by bernard madoff began as far back as the early 1970s. that's according to a rewritten indictment bringing new charges against four longtime madoff employees. >>> a trader joe's peanut butter recall linked to cases of salmonella has now spread to nut butter recalls at multiple national chains including whole foods, target and stop 'n shop. >>> honda is recalling 3,000 accords. >>> congratulations to yahoo!'s marissa mamaier. the
fed chief ben bernanke renewed the central bank's pledge to keep record low interest rates to spur the economy, even after it regains momentum. >>> analysts say winter holiday shopping will rise 4.1% this year. that's slightly lower than predictions for the past two years. >>> jpmorgan chase is the first target of a justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns, bought by jpmorgan in a fire sale, carried out billions of...
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Oct 1, 2012
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. >> stocks are higher and ben bernanke defended the u.s. central bank and monetary policy as it aims to show unemployment. nasdaq is down 8 and s&p 500 is up 2. >>> macy's' has made an announcement that could make this a happy holiday season for people looking for work. they are looking to hire 80,000 seasonal workers and it's a 2. 5% increase than last year. they are using bloomingdale. most of them will be part-time. stores begin to typically higher in october. >>> yahoo's ceo has a new job, mom. mom and baby has been announced and no name has been picked yet. she announced she was pregnant as she took over in july and she said she was just planning to take a few works weeks off -- a few work weeks off in september. >> how did you find this place... >> the movie was number one in box office numbers it was one of the strong get box office win. they had trouble with the curve and they rack up the sign. it will be stripped down and given a new coat of paint. it will take 10 weeks to complete and today on ktvu channel 2 morning news at 50/50,
. >> stocks are higher and ben bernanke defended the u.s. central bank and monetary policy as it aims to show unemployment. nasdaq is down 8 and s&p 500 is up 2. >>> macy's' has made an announcement that could make this a happy holiday season for people looking for work. they are looking to hire 80,000 seasonal workers and it's a 2. 5% increase than last year. they are using bloomingdale. most of them will be part-time. stores begin to typically higher in october....
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and federal reserve chairman ben bernanke defended fed's policies for the first time since launching qe3, saying that fed needs to drive down borrowing costs because the economy is not growing fast enough to reduce high unemployment. surely there is a left in which employment can be created. >> there will belay offs at lockheed-martin in the beginning of the year, but they will not warn the employees of impeding li offs as it is legally retired to today, obama labor department told lockheed they do not need to abide by the law. telling lockheed it will cover potential legal costs if they incur any benpality, obama administration. clearly does not want those layoff notices delivered just days before the election. >> president obama downplaying expectations for wednesday's debate. saying he is an okay debater, according to a new washington post abc news poll, 55 percent of likely voters think that president will win this first debate, and 41% think that romney will win. joining me now, ed klein, author of "new york times" best seller "the amateur." great to see you, this is cute, the d
and federal reserve chairman ben bernanke defended fed's policies for the first time since launching qe3, saying that fed needs to drive down borrowing costs because the economy is not growing fast enough to reduce high unemployment. surely there is a left in which employment can be created. >> there will belay offs at lockheed-martin in the beginning of the year, but they will not warn the employees of impeding li offs as it is legally retired to today, obama labor department told...
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Oct 1, 2012
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this republican ben bernanke who preceded obama recognizes one very visible thing, the obstruction that's going on in congress renders the fiscal policy -- and you recognize that there's outright obstruction going on in congress that stops any fiscal policy, what are you going to do? >> what policy? >> it's the only tool left. >> i talk to republicans all the time. i'm a reporter, they're really thinking of this as a political issue. this is a stimulus pae f obama and obama and the a republicans should be embracing this. >> romney has said that he opposes this -- romney has also said that he will not reappoint ben bernanke. there's not a lot of sympathy for bernanke inside that campaign or the gop, that interests me a lot. i'm asking a difficult question, i don't think there's a direct -- i'm not saying that bernanke is deliberately doing qe-3, because probably it won't work in the next six weeks anyway. >> it hasn't worked up until now. >> the federal reserve is like the supreme court, it's now controlled by left wing democrats. >> here's what i think, this is buy this is so important. b
this republican ben bernanke who preceded obama recognizes one very visible thing, the obstruction that's going on in congress renders the fiscal policy -- and you recognize that there's outright obstruction going on in congress that stops any fiscal policy, what are you going to do? >> what policy? >> it's the only tool left. >> i talk to republicans all the time. i'm a reporter, they're really thinking of this as a political issue. this is a stimulus pae f obama and obama...
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Oct 2, 2012
10/12
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ben bernanke said he's going to continue to buy bonds to keep interest rates down, so that this purchasing manager's number won't be an aberration. when you examine the fundamental of individual stocks, you are playing what's known as the micro. when you take into account the big data numbers like the purchasing manager's index, you're making a macro analysis. again though like the idea of fighting the fed this micro/macro dichotomy might mean nothing to you unless you took ec 101. let's put it in terms that everybody can understand. anyone who's been to a museum or taken an art class knows that for years artists tried to paint pictures as if they were perfectly -- let's say they tried to capture the exact look. like a kodak camera. okay? that's called realism as the painters are indeed realistic. but as art progressed in the late 19th and early 20th century, you tend to get more -- let's say impressionist, less realist and then ultimately expressionists as the artists struggled to get beyond the four walls of the canvas, they took impressionism to the logical conclusion, coming up with sp
ben bernanke said he's going to continue to buy bonds to keep interest rates down, so that this purchasing manager's number won't be an aberration. when you examine the fundamental of individual stocks, you are playing what's known as the micro. when you take into account the big data numbers like the purchasing manager's index, you're making a macro analysis. again though like the idea of fighting the fed this micro/macro dichotomy might mean nothing to you unless you took ec 101. let's put it...
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Sep 28, 2012
09/12
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my theory is ben bernanke knows where jimmy hoffa is. come clean, mr. bernanke. let's setting this once and for all. >> the feds on line 2 for bob. >> it impressed me people didn't know who jimmy hoffa was. there's going to be a time i'm going to have to explain to people who o.j. simpson was. >> time goes by. >> unbelievable. very depressing. >> we can find o.j. we haven't been able to find the real killers yet though apparently. >> i'll leave it at that. >>> in one of the best tweet smackdowns ever, oreo recently asked followers if they had ever brought cookies into a movie theater. yes, i have. which prompted this response from amc theaters. "not cool, cookie. a reference to its no food policy. oreo quickly fired back. fair enough but don't hate the player, hate the game. and back and forth it went with amc's answer game on, oreo. game on. jane and bob, what do you think? this kind of social engagement help or hurt the brands themselves. jane? >> i think it helps very much. particularly amc theaters which has twice as many followers on twitter as oreo. and it
my theory is ben bernanke knows where jimmy hoffa is. come clean, mr. bernanke. let's setting this once and for all. >> the feds on line 2 for bob. >> it impressed me people didn't know who jimmy hoffa was. there's going to be a time i'm going to have to explain to people who o.j. simpson was. >> time goes by. >> unbelievable. very depressing. >> we can find o.j. we haven't been able to find the real killers yet though apparently. >> i'll leave it at that....
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in defense of fed's latest easing, big ben bernanke making his case in moments. rich edson is standing by live in indianapolis. >> and bacon prices sizzling higher but new doubts over whether there's actually going to be a global shortage. first let's take a look at some of today's s&p winners and losers. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a
in defense of fed's latest easing, big ben bernanke making his case in moments. rich edson is standing by live in indianapolis. >> and bacon prices sizzling higher but new doubts over whether there's actually going to be a global shortage. first let's take a look at some of today's s&p winners and losers. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an...
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Oct 3, 2012
10/12
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i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line. nobody asked me. i'm not running. i'm not part of any debate. but i stand for higher stock prices for all. if you elect me,ly put through my plan to switch to clean burning natural gases, lower taxes on dividend, educate the masses on money, clean up the skies, rebuild our infrastructure and reappoint bernanke to give liberty, justice and higher stock prices for all. that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a question for you today regarding rpm. the earning report came out today. long or short in the stock? >> short that, you have to short that plentiful dividend. i never recommend that idea. you don't want to do that, boss. i was going to recommend this and then i felt that
i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line. nobody asked me. i'm not running. i'm not part of any debate. but i stand for higher stock prices for all. if you elect me,ly put through my plan to switch to clean burning natural gases, lower taxes on dividend, educate the...
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Oct 1, 2012
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but ben bernanke is propping it up. martha: we have a jam packed show for you today. both candidates are hunkered down getting ready for wednesday night's debate in denver. new numbers show how many voters could still be persuaded. bill: disturbing details in fallout from operation fast & furious. new records of dozens of weapons linked to murders and weapons and cartel hitmen. now there are questions about the fate of attorney general eric holder in all of this. >> they don't see the victims. 60,000 people have been killed. and they have been indifferent to the sufferings of the people. . but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. martha: former california governor schwarz * spilling details about his marriage with maria shriver. he recounted in painful detail how he broke the news to his child
but ben bernanke is propping it up. martha: we have a jam packed show for you today. both candidates are hunkered down getting ready for wednesday night's debate in denver. new numbers show how many voters could still be persuaded. bill: disturbing details in fallout from operation fast & furious. new records of dozens of weapons linked to murders and weapons and cartel hitmen. now there are questions about the fate of attorney general eric holder in all of this. >> they don't see the...
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Sep 26, 2012
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now ben bernanke is going to keep it flowing for as long as it takes. we could be for three days. plus, one more unthinkable, a slowing chinese economy. the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the great recession. and what's happened? the stock market never quit. never stopped climbing, it has a remarkable run with almost every sector leading the charge at one time or another, the great rotation. and before i go into the by remistations for the evening. i told you not to waver, to stay the course, the slowdown against china, and the growth that is the united states. the diverse portfolio of high-quality stocks, income producers, and growth stocks with solid dividend boosts. and of course, some gold. these have all been the correct calls to make. i've stuck with it because i believe the europeans are not suicidal. so far, so good on that front. i believe the chinese economy will simply come back by the virtue of the fact there is still tremendous urban migration within china. i believe the accommodativ
now ben bernanke is going to keep it flowing for as long as it takes. we could be for three days. plus, one more unthinkable, a slowing chinese economy. the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the great recession. and what's happened? the stock market never quit. never stopped climbing, it has a remarkable run with almost every sector leading the charge at one time or another, the great rotation. and...
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Sep 30, 2012
09/12
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minutes from the federal reserve's latest policy meeting will be released and we'll see where ben bernanke and the rest of the bankers see the economy headed right now and kraft foods will split into two separately traded companies. i'm tyler mathisen. get your business news on cnbc. >> a reminder you can get business and tech news before the bell weekdays on "today in the bay" starting at 4:30 in the morning. much more ahead on "today in the bay." race to the white house. candidates get some last-minute jabs before wednesday's big debate. >> good morning. i'm mike inouye. there's lots to do "today in the bay." let's start with the perfect mix of both sides of my life. being the traffic guy there and daddy guy at home. today at the motor sports park, take your teen to get real behind the wheel with the help of the alameda county sheriff's office. this safe driving event starts at 9:30 introducing young drivers to safe technique and to avoid distractive driving. it's open to those too young to get their permits. 14 and up can get behind the wheel here. sometimes those roads can seem like a
minutes from the federal reserve's latest policy meeting will be released and we'll see where ben bernanke and the rest of the bankers see the economy headed right now and kraft foods will split into two separately traded companies. i'm tyler mathisen. get your business news on cnbc. >> a reminder you can get business and tech news before the bell weekdays on "today in the bay" starting at 4:30 in the morning. much more ahead on "today in the bay." race to the white...
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. >>> fed chairman ben bernanke today defended policies used to stimulate the economy. he listed other thing that is can be done. >> such as putting the federal budget on a sustainable path. reforming the tax code, improving our educational system supporting technological invasion. and expanding international trade. >> reporter: bernanke also rejected criticism that the federal reserve is laying the ground work for inflation and letting the government run up huge budget deficits. >>> get ktvu news to go now. download the ktvu app, click on the live icon and you can watch all of our newscasts live right there on your mobile device. >>> a bay area man who started an innovative anti poverty program says he is deeply honored to learn he is the winner of a mcarthur genius award. maurice lim miller started the family independence initiative back in 2001. the initiative now has several pilots around the country. miller's initiative brings community members together such as these people in san francisco to share resources and problem solve as they work toward educational, finan
. >>> fed chairman ben bernanke today defended policies used to stimulate the economy. he listed other thing that is can be done. >> such as putting the federal budget on a sustainable path. reforming the tax code, improving our educational system supporting technological invasion. and expanding international trade. >> reporter: bernanke also rejected criticism that the federal reserve is laying the ground work for inflation and letting the government run up huge budget...
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Sep 26, 2012
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paul krugman, one, and now ben bernanke is pushing for higher inflation. is his real inflation target not 2%, but like 4%, 5%? if he could wave a magic wand, would he do that? >> they could have a secret vote. it would be in excess of three, for sure at least in the near term. the fed told us they would do whatever it takes to get what they want. they haven't exactly told us what they do or what they want. >> all right. what they want is a lower unemployment rate, isn't that fair? >> right. but they have lower unemployment in the price stability. what's going to happen is you're going to get fomc participants litigating the issue in public. like charlie plaszer yesterday talking about how policy won't be effective and charlie evans today talking about -- >> but they always do that. bernanke, that board is all obama appointees. and it's the liberal left keynesian board. it's an inflationist board. you as great economist and forecaster, right now the inflation numbers, they don't look scary at all. cpi, so forth, commodity prices, none of that stuff is boomi
paul krugman, one, and now ben bernanke is pushing for higher inflation. is his real inflation target not 2%, but like 4%, 5%? if he could wave a magic wand, would he do that? >> they could have a secret vote. it would be in excess of three, for sure at least in the near term. the fed told us they would do whatever it takes to get what they want. they haven't exactly told us what they do or what they want. >> all right. what they want is a lower unemployment rate, isn't that fair?...
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Oct 1, 2012
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wall street watches as fed chairman ben bernanke speaks tomorrow. and gas prices are down 3 cents in the last week to $3.78. i'm jeff glor. cbs news. ,,,,,,,, >> stahl: maria shriver and arnold schwarzenegger had a big wedding in hyannisport in 1986. the birth of their first of four children came just as arnold's movie career hit the stratosphere. christmas 1990, "time" magazine put him on the cover as hollywood's top star. despite arnold's double life, he says that, from the beginning of their relationship, maria was always his partner, advising him on everything from body-building poses to movie scripts to strategies for his political campaigns. ( cheers and applause ) arnold's third act, politics, began in 2003, when he says he was getting bored making action movies. once again, he had to beat the odds to become the republican governor in the blue state of california. >> congratulations, governor schwarzenegger. >> stahl: married to a kennedy democrat, his commitment to republican ideology has often been questioned. as governor, he championed leg
wall street watches as fed chairman ben bernanke speaks tomorrow. and gas prices are down 3 cents in the last week to $3.78. i'm jeff glor. cbs news. ,,,,,,,, >> stahl: maria shriver and arnold schwarzenegger had a big wedding in hyannisport in 1986. the birth of their first of four children came just as arnold's movie career hit the stratosphere. christmas 1990, "time" magazine put him on the cover as hollywood's top star. despite arnold's double life, he says that, from the...
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Sep 29, 2012
09/12
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. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad idea. inflation risk and the incentives to take risks are significant. >> former fdic chairman sheila bair. >>> we'll be right back. when it comes to getting my family to eat breakfast, i need all the help i can get. i tell them, "come straight to the table." i say, "it's breakfast time, not playtime." "there's fruit, milk and i'm putting a little nutella on your whole-wheat toast." funny, that last part gets through. [ male announcer ] serving nutella is quick and easy. its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. okay, plates in the sink, grab
. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad...
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Oct 2, 2012
10/12
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. >>> fed chairman ben bernanke today defended policies used to stimulate the economy. he listed other thing that is can be done. >> such as putting the federal budget on a sustainable path. reforming the tax code, improving our educational system supporting technological invasion. and expanding international trade. >> reporter: bernanke also rejected criticism that the federal reserve is laying the ground work for inflation and letting the government run up huge budget deficits. >>> get ktvu news to go now. download the ktvu app, click on the live icon and you can watch all of our newscasts live right there on your mobile device. >>> a bay area man who started an innovative anti poverty program says he is deeply honored to learn he is the winner of a mcarthur genius award. maurice lim miller started the family independence initiative back in 2001. the initiative now has several pilots around the country. miller's initiative brings community members together such as these people in san francisco to share resources and problem solve as they work toward educational, finan
. >>> fed chairman ben bernanke today defended policies used to stimulate the economy. he listed other thing that is can be done. >> such as putting the federal budget on a sustainable path. reforming the tax code, improving our educational system supporting technological invasion. and expanding international trade. >> reporter: bernanke also rejected criticism that the federal reserve is laying the ground work for inflation and letting the government run up huge budget...
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CNNW
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federal reserve chairman ben bernanke speaks today. the critical september jobs report is friday. and there's plenty of news in between like auto sales, jobless claims and a presidential debate. u.s. stock futures signal a higher start to a brand-new quarter that begins today. individual investors may have missed this strong quarter for stocks. retail investors have been pulling money out of stocks for months. but stocks have been rising. the dow, the s&p 500, the nasdaq, all posted strong gains over the past three months. the nasdaq is up nearly 18% for the year now. more signs of weakness in the global economy. new data overnight from china show its factory sector slowed last month, and a report from hsbc says new export orders declined last month with the sharpest rate in 3 1/2 years. soledad, china has fashioned itself into the factory for the world. when china's manufacturing slows, everyone worries. >> all right, christine, thank you for the upset. >>> it's what everybody's talking about this morning, arnold schwarzenegger says that his life were a movie, nobody would believ
federal reserve chairman ben bernanke speaks today. the critical september jobs report is friday. and there's plenty of news in between like auto sales, jobless claims and a presidential debate. u.s. stock futures signal a higher start to a brand-new quarter that begins today. individual investors may have missed this strong quarter for stocks. retail investors have been pulling money out of stocks for months. but stocks have been rising. the dow, the s&p 500, the nasdaq, all posted strong...
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ben bernanke said in a speech that the economy still isn't growing fast enough to cut into unemployment. in the end, the dow jones industrial average gained 78 points to close at 13,515. the nasdaq fell more than two points to close at 3113. another major auto recall is in the works. honda announced plans to check more than 500,000 accords in the u.s. for a defective hose that can leak fluid and catch fire. the problem affects model years 2003 through 2007 of v-6 engine cars. the accord is the second best- selling car in the u.s., after the toyota camry. white house officials have acknowledged an attempt to hack the executive mansion's computer system. the associated press reported today the recent effort targeted an unclassified network, but the officials said the attack was spotted and stopped. there was no word on who was behind the attempt. a founder and leader of modern ecology, dr. barry commoner, died sunday. his work on radioactive fallout helped lead to the nuclear test ban treaty in 1963. he also was a prominent figure in the first "earth day" in 1970, and even ran for preside
ben bernanke said in a speech that the economy still isn't growing fast enough to cut into unemployment. in the end, the dow jones industrial average gained 78 points to close at 13,515. the nasdaq fell more than two points to close at 3113. another major auto recall is in the works. honda announced plans to check more than 500,000 accords in the u.s. for a defective hose that can leak fluid and catch fire. the problem affects model years 2003 through 2007 of v-6 engine cars. the accord is the...
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into rally faded after the fed chairman ben bernanke defended a controversy program to buy up $40 billion in mortgage debt every month until employment improves. the slowing economic recovery forced the feds to resort to such unusual measures after lowering interest rates to next to nothing failed to turn things around. critics of the plan say it could lead to inflation in the future. an amtrak train has derailed in central california after officials say a big rig truck slammed right into it just south of fresno. as many as 40 people reported hurt in the crash. when several cars jumped the tracks. trace gallagher in our west coast news hub now. trace, exactly how did this happen. >> well, the train was heading south from oakland to bakersfield. it crashed in a town called hanford which is 30 miles outside fresno it appears that a truck carrying a cotton by product actually blue through the signal and crashed into the train. it looks like three of the five railcars are off the track. you can see two of them there at a 45-degree angle. the people inside were tossed about. 169 on board. 40 i
into rally faded after the fed chairman ben bernanke defended a controversy program to buy up $40 billion in mortgage debt every month until employment improves. the slowing economic recovery forced the feds to resort to such unusual measures after lowering interest rates to next to nothing failed to turn things around. critics of the plan say it could lead to inflation in the future. an amtrak train has derailed in central california after officials say a big rig truck slammed right into it...
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Oct 2, 2012
10/12
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>> we heard from ben bernanke yesterday. the federal reserve chief. he's a scholar of the great depression. he is pledging again, ladies, that we are going to avoid another great depression. he's promising to keep stimulus going until even after, even after the economy starts to recover to make sure we don't repeat the mistakes made into the 1930s, which is when we pulled our foot off the accelerator too soon in the economy, and just as it was starting to recover we started to tighten monetary policy and boom, threw the economy into the second great depression. the great depression scholar ben bernanke is trying everything we can to make suree don't fall down again. >> it's comforting to hear that, isn't it? >> well, some people are concerned that it will cause inflation down the road but everyone is trying to keep the ship staling right now. >> all right. and you've got road warriors? >> that's right. another road warriors for you. if you're a business traveler, looking to meet others while you're on a trip, good news. there are now plenty of apps an
>> we heard from ben bernanke yesterday. the federal reserve chief. he's a scholar of the great depression. he is pledging again, ladies, that we are going to avoid another great depression. he's promising to keep stimulus going until even after, even after the economy starts to recover to make sure we don't repeat the mistakes made into the 1930s, which is when we pulled our foot off the accelerator too soon in the economy, and just as it was starting to recover we started to tighten...
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Sep 25, 2012
09/12
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it's amazing what soup can do. [ laughing ] [ laughing ] [ laughing ] [ laughing ] ♪ >> gretchen: ben bernanke said last week the fed's decision to increase cash flow was motivated by the need to get more americans back to work. fox friends friends is doing our part. cheryl here with the companies hiring right now. we start with medifac. >> good morning. we as a nation, unfortunately, are getting heavier, obesity, orproblem in this country. there are a lot of companies that are benefitting from this. this is one of them. they are not only increasing their distribution operations, those that want to do the system at home can do it, but the centers. you can walk in, get that health care professional 150 jobs by the end of the year. i had the ceo on my show and i asked him kind of why the opportunity here and why he's growing. shear what he told me. >> we're coming out with a lot of new products. we've come out with 11 new products over the last three months. we're coming out with more in november. we've seen great success and we've been growing at over 20%. so our growth rate is high. >
it's amazing what soup can do. [ laughing ] [ laughing ] [ laughing ] [ laughing ] ♪ >> gretchen: ben bernanke said last week the fed's decision to increase cash flow was motivated by the need to get more americans back to work. fox friends friends is doing our part. cheryl here with the companies hiring right now. we start with medifac. >> good morning. we as a nation, unfortunately, are getting heavier, obesity, orproblem in this country. there are a lot of companies that are...
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Sep 26, 2012
09/12
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but i don't think anyone should be critical of ben bernanke's performance. i can't think of anybody who has physically done more for the country. i mean, those were 18, 20, 21-hour days. the guy has made a tremendous sacrifice on his family, on himself personally, and i do think it's important that for the country to grow up about this, it's fine to disagree about the policy, but he takes personal attacks from both the right and left, and i think they're totally unjustified. and i think we should actually, you know, pay him a tribute. i think he's making a great sacrifice and we need to salute him and people like him. >> you know, i think i'd agree with that. >> i totally agree with that. i give president bush credit for appointing chairman bernanke, and i give president obama tremendous credit for reappointing him. again, just like larry said, people can agree or disagree, you know, chairman bernanke is doing unprecedented creative policy. he's not somebody who is saying, well, the world is bad and it's out of my hands, he's saying i'm going to do everythin
but i don't think anyone should be critical of ben bernanke's performance. i can't think of anybody who has physically done more for the country. i mean, those were 18, 20, 21-hour days. the guy has made a tremendous sacrifice on his family, on himself personally, and i do think it's important that for the country to grow up about this, it's fine to disagree about the policy, but he takes personal attacks from both the right and left, and i think they're totally unjustified. and i think we...
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Oct 2, 2012
10/12
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you know the one who termed it, the person who coined the term looks like it was ben bernanke, federal reserve chairman. he used the term earlier this year. so also at the same time, we've got health reform coming in with new levies on investment. >> gretchen: new taxes? that would be coming at the same time. this is up to congress or the president? who needs to do something? >> here is the issue, depends on who wins and how the lay of the land will g depending on who wins the election. if the president wins reelection, you'll possibly see gridlock. now the talk is to just let them expire temporarily and then do a quick fix for everybody but the upper bracket, so that way you could say look, we passed a tax cut and we did raise taxes on the upper bracket. if mitt romney, then he'll probably say i need time to fashion a budget. i'll have to do this in 2013. there may be delay. in that case, in either scenario, the u.s. congress would say to the irs look, adjust the tax withholding tables and so until we deal with this. so it's not an open and shut case. everybody will see their tax rate
you know the one who termed it, the person who coined the term looks like it was ben bernanke, federal reserve chairman. he used the term earlier this year. so also at the same time, we've got health reform coming in with new levies on investment. >> gretchen: new taxes? that would be coming at the same time. this is up to congress or the president? who needs to do something? >> here is the issue, depends on who wins and how the lay of the land will g depending on who wins the...
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Oct 2, 2012
10/12
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. >> this is ben bernanke the chairman of the federal reserve. and this is a friday you were saying? >> a thursday night. >> and he's saying if you didn't take emergency action. >> we would not have an economy by monday. >> what does that mean? >> it's a horrible prospect. it means everything would disintegrate in terms of financial transactions and the rest. we went out and said time is of the essence regardless of the fact there was a presidential election seven weeks away. this happened on the president's watch. he was suggesting a solution. i said we must work together in a bipartisan way to get this done. but the fact is is that they knew, they were withholding the information from congress because they were hoping to get to the election, in my view. but the fact is four years ago the end of september if we didn't act immediately, we would not have an economy by monday. that would have been a disaster for our country. so while we want to do more to help individual families and the republicans instructed that in the last two years, the fact i
. >> this is ben bernanke the chairman of the federal reserve. and this is a friday you were saying? >> a thursday night. >> and he's saying if you didn't take emergency action. >> we would not have an economy by monday. >> what does that mean? >> it's a horrible prospect. it means everything would disintegrate in terms of financial transactions and the rest. we went out and said time is of the essence regardless of the fact there was a presidential election...
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Sep 27, 2012
09/12
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one from the romney campaign -- i don't know what they were thinking, after the fed stood there and ben bernanke held a news conference saying they're going to go through another round of quantitative easing, printing money. the message to donors was this -- the "barack obama is at it again, spending your tax dollars per "two things about that -- the fed is reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of all their previous quantitative easing. so the opposite of spending your tax dollars is true. and of course the fed is legally independent and run by guy appointed by george w. bush. so this was so completely over the top that we decided we have to do a piece on that particular e-mail. pretty much these messages to true believers exceed what we have already defunct. >> we are out of time. thank you for your attention. we appreciate your questions. [applause] >> coming at 4:30, we will be live at the un for a speech from the president of libya. he will be speaking before the general assembly gathered this week. coverage starti
one from the romney campaign -- i don't know what they were thinking, after the fed stood there and ben bernanke held a news conference saying they're going to go through another round of quantitative easing, printing money. the message to donors was this -- the "barack obama is at it again, spending your tax dollars per "two things about that -- the fed is reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of all their previous...